Call reports 2008
FIRST OPTION BANK — 2008
What FIRST OPTION BANK reported to the FFIEC in 2008, quarter by quarter.
Balance sheet
What the bank holds and owes at quarter end
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Total assets | 142,676,000 | 147,106,000 | 149,227,000 | 170,523,000 |
| Total loans | 104,219,000 | 106,467,000 | 106,916,000 | 109,108,000 |
| Allowance for loan losses | 849,000 | 884,000 | 973,000 | 904,000 |
| Securities available for sale | 29,271,000 | 28,271,000 | 28,462,000 | 39,045,000 |
| Securities held to maturity | 0 | 0 | 0 | 0 |
| Trading assets | 0 | 0 | 0 | 0 |
| Total deposits | 121,134,000 | 127,213,000 | 131,102,000 | 153,296,000 |
| Interest-bearing deposits | 96,795,000 | 101,234,000 | 106,381,000 | 125,609,000 |
| Noninterest-bearing deposits | 24,339,000 | 25,979,000 | 24,721,000 | 27,688,000 |
| Equity capital | 10,761,000 | 10,676,000 | 10,865,000 | 11,700,000 |
Income
Cumulative from the start of the year, as filed — Q1 covers January to March, Q2 January to June, Q4 the full year
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Interest income | 2,216,000 | 4,357,000 | 6,521,000 | 8,744,000 |
| Interest expense | 954,000 | 1,760,000 | 2,489,000 | 3,160,000 |
| Net interest income | 1,262,000 | 2,597,000 | 4,032,000 | 5,584,000 |
| Noninterest income | 447,000 | 871,000 | 1,333,000 | 1,781,000 |
| Noninterest expense | 1,293,000 | 2,626,000 | 3,926,000 | 5,326,000 |
| Provision for loan losses | 30,000 | 60,000 | 120,000 | 260,000 |
| Pretax income | 383,000 | 786,000 | 1,323,000 | 1,783,000 |
| Income tax | 15,000 | 23,000 | 37,000 | 66,000 |
| Net income | 368,000 | 763,000 | 1,286,000 | 1,717,000 |
Regulatory capital
Basel measures — not reported for every quarter
| Measure | 2008Q1 | 2008Q2 | 2008Q3 | 2008Q4 |
|---|---|---|---|---|
| Tier 1 capital | 10,589,000 | 10,928,000 | 11,295,000 | 11,575,000 |
| Total capital | 11,438,000 | 11,812,000 | 12,268,000 | 12,479,000 |
| Risk-weighted assets | 89,329,000 | 94,859,000 | 94,155,000 | 93,725,000 |